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Last Updated : Apr 05, 2018 05:59 PM IST | Source:

Buy Arvind Ltd; target of Rs 500: Sharekhan

Sharekhan is bullish on Arvind Ltd has recommended buy rating on the stock with a target price of Rs 500 in its research report dated March 12, 2018.

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Sharekhan's research report on Arvind Ltd

Recent correction of 12% in the stock price provides a good entry opportunity..Company’s demerger into separate entities will enhance value for shareholders as each business has different value propositions. Gradual improvement in textile business margins and 125-150 bps improvement in branded & retail (B&R) business margins will improve near-term margin prospects.


We re-iterate our stance of value-unlocking for shareholders through demerger in separate entities. We maintain our Buy  recommendation on the stock with unchanged price target of Rs. 500.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on Mar 12, 2018 04:05 pm
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